Cape ANN Savings Bank Has $7.30 Million Position in Microsoft Co. (NASDAQ:MSFT)

Cape ANN Savings Bank reduced its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 3.3% during the 4th quarter, HoldingsChannel reports. The fund owned 17,325 shares of the software giant’s stock after selling 597 shares during the period. Microsoft accounts for about 4.3% of Cape ANN Savings Bank’s holdings, making the stock its 7th largest position. Cape ANN Savings Bank’s holdings in Microsoft were worth $7,303,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Midwest Capital Advisors LLC purchased a new position in Microsoft during the fourth quarter worth $145,000. Partners Wealth Management LLC purchased a new position in shares of Microsoft during the 4th quarter worth about $2,353,000. Black Diamond Financial LLC raised its position in Microsoft by 3.5% in the 4th quarter. Black Diamond Financial LLC now owns 6,644 shares of the software giant’s stock worth $2,801,000 after purchasing an additional 223 shares during the period. World Equity Group Inc. lifted its stake in Microsoft by 96.5% in the fourth quarter. World Equity Group Inc. now owns 61,594 shares of the software giant’s stock worth $25,961,000 after purchasing an additional 30,253 shares during the last quarter. Finally, Delta Financial Group Inc. bought a new position in shares of Microsoft during the fourth quarter valued at approximately $20,347,000. 71.13% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. The Goldman Sachs Group cut their price objective on Microsoft from $500.00 to $450.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Mizuho decreased their price objective on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. Scotiabank initiated coverage on shares of Microsoft in a research report on Thursday, March 20th. They set a “sector outperform” rating and a $470.00 target price on the stock. UBS Group lowered their price target on Microsoft from $510.00 to $480.00 and set a “buy” rating for the company in a report on Monday, April 14th. Finally, Westpark Capital began coverage on Microsoft in a report on Tuesday, April 1st. They issued a “hold” rating for the company. Five investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $493.89.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $391.16 on Tuesday. Microsoft Co. has a twelve month low of $344.79 and a twelve month high of $468.35. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The company has a market cap of $2.91 trillion, a PE ratio of 31.49, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00. The company’s 50 day moving average is $384.46 and its 200 day moving average is $411.17.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same period last year, the company earned $2.93 EPS. On average, sell-side analysts forecast that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be paid a $0.83 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.85%. Microsoft’s payout ratio is 26.73%.

Microsoft Company Profile

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.